The project will build and upgrade 48 kilometers of new or existing stormwater drainage and construct 23 km of climate-resilient urban roads
The central government has inked a pact with multi-lateral funding agency Asian Development Bank for USD 61 million (around Rs 454 crore) loan to fund development projects in Agartala, Tripura.
The government and Asian Development Bank (ADB) have signed a USD 61 million loan to improve livability, harness technology, and promote new developments to accommodate the expanding population in Agartala city while building the capacity of state agencies for improved service delivery, an official release said on Monday.
The loan agreement for the Agartala City Urban Development Project was signed by Rajat Kumar Mishra, Additional Secretary, Department of Economic Affairs, Ministry of Finance on behalf of the government, and Takeo Konishi, Country Director of ADB's India Resident Mission.
The project is aligned to the vision of the government Smart City Mission to upgrade urban infrastructure services and will improve livability in Agartala with the provision of better road connectivity, flood resilient measures, and making tourist places more attractive, Mishra said.
"Through this project, ADB will catalyze synergies with the smart city components being implemented in Agartala through an underground utility corridor with the shifting of electrical lines, incorporating elderly, women, children, and differently-abled responsive features, improving road geometry along with urban design interventions," Konishi said
The provision of asset management and sustainability strategy, capacity-building of tourism operators, and livelihood improvement of street vendors and artisans will serve as a model to other assets and tourist attractions in Agartala, and other cities in Tripura, he added.
The project will build and upgrade 48 kilometers of new or existing stormwater drainage and construct 23 km of climate-resilient urban roads.
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